US Firms Brace for Potential Cyberattacks as Russia Threatens Critics

A swath of major American businesses -- from major banks to utility companies -- is preparing for possible cyberattacks against their computer networks as Russia on Thursday threatened "consequences" for nations that interfere with its invasion of Ukraine. From a report: Their concerns, echoed in C-suites and around Washington, follow recent warnings from the Biden administration that U.S. firms should harden their defenses against potential cyberattacks that could disrupt the nation's critical infrastructure. American officials say there are no current threats against the U.S. But they have nonetheless urged organizations to plan for worst-case scenarios and more aggressively monitor their computer networks for possible intrusions. "Right now, everybody needs to be at a heightened alert in the event this continues to escalate, and Russia tries to sway political opinion by causing damage in the United States and its Western allies," said David Kennedy, the chief executive officer of security firm TrustedSec. He said companies should be going through their computer infrastructure "with a fine-tooth comb" to ensure previous intrusions can't be used to cause future, more damaging, attacks. Major U.S. banks, for instance, fear aggressive cyberattacks if Washington imposes deeper financial sanctions on Russia, said two banking executives who spoke on condition of anonymity to discuss private conversations. CEOs of major financial firms and their cybersecurity experts recently met with Treasury officials as Russian threats of war intensified, according to the executives.

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